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An announcement from Silk Logistics Holdings Ltd. ( (AU:SLH) ) is now available.
Silk Logistics Holdings Limited announced that its shareholders have overwhelmingly voted in favor of a scheme of arrangement for the acquisition of all company shares by DP World Australia Limited. This decision marks a significant step in the acquisition process, pending final court approval, and is expected to impact Silk’s operations by integrating with a global logistics leader, potentially enhancing its market position and service capabilities.
The most recent analyst rating on (AU:SLH) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Silk Logistics Holdings Ltd. stock, see the AU:SLH Stock Forecast page.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Limited operates in the logistics industry, providing comprehensive supply chain solutions. The company focuses on offering services such as warehousing, distribution, and transportation, catering primarily to the Australian market.
Average Trading Volume: 108,860
Technical Sentiment Signal: Buy
Current Market Cap: A$172.9M
For detailed information about SLH stock, go to TipRanks’ Stock Analysis page.